Feb 26 (Reuters) - Japan’s SoftBank Group Corp is close to finalizing an investment in U.S. office-sharing startup WeWork in a deal expected to be worth over $3 billion, CNBC reported on Sunday.
The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source. cnb.cx/2lVk0X5
SoftBank may increase the size of the secondary investment to nearly $2 billion for a total investment of nearly $4 billion, CNBC added.
SoftBank could not immediately be reached for comment. WeWork declined to comment. (Reporting by Ismail Shakil in Bengaluru; Editing by Cynthia Osterman)